Seller financing available! Prime Investment Opportunity Quadplex Next to Virgil Village and Sunset Junction! 756 Hyperion Ave presents a captivating opportunity near the heart of Virgil Village and Sunset Junction, boasting a charming California Bungalow and Midcentury Triplex. This small hillside property features a driveway that leads to a triplex… Read More in the rear of the property. The hillside through portions of the property could provide unobstructed views of the Hollywood sign and the Griffith Observatory. The property consists of a 1 bed/1 bath bungalow constructed in 1916spanning 646 SF renovated in 2015, alongside a triplex built in 1965, featuring one 4 bed/2 bath owner's unit and two 1 bed/1 bath units, totaling 2,934 SF. Notably, both the owner's unit and one of the 1 bed units in the triplex will be vacant upon close of escrow. Currently, the property demonstrates a Proforma Gross Rent Multiplier (GRM) of 9.7 with a Proforma CAP rate of 7.6%, indicating its strong investment potential. Additionally, the spacious lot offers ample parking space and potential for an Additional Dwelling Unit (ADU) at the rear. Conveniently situated, a stroll up Hyperion or Hoover leads to the vibrant Sunset Blvd., renowned for its diverse retail and dining options at Sunset Junction. Similarly, exploring south on Virgil or Hoover provides access to the bustling Virgil Village scene. This property's central location coupled with its remarkable upside potential makes it an enticing investment opportunity for discerning buyers. Read Less
Courtesy of KW SELA 562-334-1500
Listing Snapshot
Days Online
421
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,570
Lot Size
0.17 Acres
Year Built
1916
MLS Number
24-364747
30 Days Snapshot Of 90029
$628k
-54%
(avg) sold price
2
0%
homes sold
88
+29%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
3,570 sq ft, Built in 1916, Levels: Multi/Split
Cooling
Wall/Window
Disclosures
As Is
Garage
On street
Heating
Wall
Lot
LotAcreage: 0.1725, LotSizeArea: 7,514
Parking
TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LARD2
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